Shark Almost Complete Shark is looking nice to short, multiple BOS on LTF, i'm waiting for a retest of the weekly high before shorting!
Us30-short
DowJones/US30 ShortTrendline identified from weekly TF. S&D zones identified from 4H TF. Looks like an 'M' pattern has formed on the 4H so i'll be looking to sell in time for NFP tomorrow. May keep one position open through it.
US30 shortThe price shows a good growth, it has a strong support line and I expect its continuation. The first target is the nearest strong resistance line, and then it goes down from it.
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⚠️US30 fall from resistanceMy last prediction came true.
After the breakdown of support at 34038, the price continued to grow.
I worked out a small correction and returned to growth.
I expect the price to be:
1 - touches resistance 34764.
2 - will turn around and fall to support.
Target - 34229.
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US30 correction to channel and FALLThe price has been moving in an upward channel since March 2019. At the beginning of April 2021, it broke through the support line - the border of the 33530 channel. After that, it continued to grow and stopped at the resistance line 34329. This line of August 2020 regularly reverses the price. Now the price is again at the resistance 34854 and I expect a fall to the support line 33987. This will be our target.
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⚠️US30 start falling in channelAfter the breakdown of support 32348 at the end of March, the price rose to resistance at 33571.
And during the last month it has been moving along the line.
I am expecting a fall for the following reasons:
- strong resistance - line of the channel formed in September 2020
- no serious breakdowns (one - false - occurred in mid-April).
- The fact that the price has been moving along the line for a long time, but has not been able to break through it.
Target - 33606
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US30 FALL and back into channelDuring the uptrend, which began in June 2020, the price rallied, broke through the support line 29521. And thus returned to the main upward channel, which has existed on the chart since March 2019. The price returned to the channel in November 2020, and in March 2021 it came to its upper border - the resistance line of 33525.
The yen was strong enough to make a breakout, but I am convinced that this breakout will turn out to be false. I expect the price to fall, break the line again at 33817 and come to the June 2020 support line - 33170. This will be our target.
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US30 FALL after false breakoutIn November 2020, the price broke through the 29549 support line and thus returned to the main uptrend that had formed back in March 2019. During the growth in the trend, the price relied on the support lines formed in June 2020. However, at the end of March 2021, it broke through support 32252, after which it rose to the border of the channel.
Having touched the resistance line 33624, the price was able to break it, however, I expect this breakdown to be false, since the price has already returned to the resistance line. I expect it to fall, return to the channel and continue falling towards the 33059 support line. This will be our target.
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⚠️US30 falling in a growing channelSince September 2020, the price has been in an upward trend.
During this time, there was only one more or less serious breakdown of this trend (in October).
For the rest, the price follows the lines.
In the middle of the trend, two additional support lines have also formed.
I expect the price to fall from the trend line and resistance 33851.
It will hit support 33399, fix on it and continue to hit.
The target is 32,900.
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⚠️ US30 second touch of resistance and dropSince September 2020, the price has been moving in an uptrend.
In November, this turn also formed an additional support line from point 28891.
The price broke this line only twice in February and March 2021.
In March, the price broke through the line 31783 during the growth.
Then it rose to the resistance 33164.
Since March, the price has touched this resistance twice more.
After the last touch at point 33698, I expect a fall to support.
Target - 33268.
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⚠️ US30 fall in channelMy previous forecast is still valid.
Despite the fact that the price continues to move along the resistance, I expect a fall.
The price has been rising in an uptrend since September 2020.
Each touch of the resistance line ended in a collapse.
I expect the price to fall from support at 33524 to resistance this time too.
The target is 32701.
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US30 reversal at the RESISTANCE line and FALLAt the end of February last year, the index collapsed from the resistance line of 29560. This collapse can be associated with the beginning of the pandemic (at the same time, gold rose strongly as a crisis asset). However, in March, investors returned to the index again and the price began to grow, thus forming an upward trend.
In November, the price broke through support at 29530 and returned to the main trend. In the trend, it rallied towards resistance 33496. I expect the price to fall from this point. It will break through the support lines 33015 and 32250 and come to the support trend line 31458. This will be our target.
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US30 FIX on RESISTANCE line and FALLThe uptrend continues within the June 2020 support line and the resistance line that has existed since 2019. At the same time, the price made a false breakdown of the trend - the support line - only once in November 2020.
After the price bounced off the support at 30621 in early March, it rose to the resistance at 33,147. And then, having worked out a small pullback, it fixed on the line at point 33262. From this point, I expect the price to fall to the support line. So my final target is support line 31563.
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US30 FALL after second breakoutThe uptrend of the price is supported by the support of the strong line that was formed in May 2020. Also, the line of August 2020 acts as an additional support for growth. Having pushed off from the zone within their limits of 30865, the price increased and in early March was able to break through the resistance line 32359.
This is a strong line of resistance since June 2020. After the first breakout, the price fell to the line, fixed on it and bounced again. However, I expect this breakout to be false too. I expect the price to break through the 32700 line, consolidate on it and fall to the 31888 support zone.
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US30 good position to open a SELL TRADEAs we can see on the chart, since November 2020, the price continues to move in an uptrend, using as a guide the younger support line, which also appeared in November. Resistance is the older line formed on the chart back in July last year.
And now, after a rise from the 30819 support zone and a false breakout, the price just dropped again to the resistance line at 32616. I expect a fall from this point and this is a good position to open a sell trade! I will never tire of reminding you of the importance of SL - look for it above the resistance line around 32808.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻